Susquehanna International Group Portfolio holdings
Susquehanna International Group (SIG), founded in 1987 by Jeff Yass and a group of friends, is a privately held global quantitative trading and technology firm headquartered in Bala Cynwyd, Pennsylvania. Specializing in trading equities, fixed income, commodities, derivatives, and ETFs, SIG has grown into a major market maker, handling around 600 equity options and 45 index options across exchanges like the CBOE, while employing over 3,000 people worldwide. The firm leverages a data-driven, probabilistic approach—rooted in the founders’ poker-playing days—to provide liquidity and competitive pricing in financial markets, with additional ventures in private equity, venture capital (notably an early investment in ByteDance, TikTok’s parent company), and sports betting analytics. Known for its innovative culture and use of game theory, SIG operates offices across North America, Europe, Asia, and Australia, maintaining a low-profile yet influential presence in global finance.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$4.05B |
| 2 |
iShares 20+ Year Treasury Bond ETF
TLT
|
+$1.61B |
| 3 |
Tesla
TSLA
|
+$636M |
| 4 |
TSMC
TSM
|
+$604M |
| 5 |
iShares Bitcoin Trust
IBIT
|
+$330M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$1.25B |
| 2 |
Apple
AAPL
|
+$1.13B |
| 3 |
Microsoft
MSFT
|
+$988M |
| 4 |
Meta Platforms (Facebook)
META
|
+$572M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$570M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.55% |
| 2 | Consumer Discretionary | 0.95% |
| 3 | Financials | 0.77% |
| 4 | Healthcare | 0.67% |
| 5 | Industrials | 0.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2301
Kinder Morgan
KMI
$73B
| $11.9M | ﹤0.01% |
418,230
-585,035
| -58% | -$16.2M |
|
2302
PUT
PTC
PTC
$16.3B
| $11.9M | ﹤0.01% |
77,000
+32,500
| +73% | +$5.59M |
|
2303
Dominion Energy
D
$60.5B
| $11.9M | ﹤0.01% |
212,549
-163,618
| -43% | -$9M |
|
2304
iShares 3-7 Year Treasury Bond ETF
IEI
$17.7B
| $11.9M | ﹤0.01% |
+100,838
| New | +$11.7M |
|
2305
PUT
Carpenter Technology
CRS
$26.9B
| $11.9M | ﹤0.01% |
65,700
-102,300
| -61% | -$19.7M |
|
|
SMC
2306
Summit Midstream
SMC
$478M
| $11.9M | ﹤0.01% |
350,412
+172,107
| +97% | +$6.92M |
|
|
VTLE
2307
DELISTED
Vital Energy
VTLE
| $11.9M | ﹤0.01% |
559,505
+386,554
| +224% | +$11.2M |
|
2308
iShares US Aerospace & Defense ETF
ITA
$15.1B
| $11.9M | ﹤0.01% |
77,492
+71,558
| +1,206% | +$10.9M |
|
2309
MGM Resorts International
MGM
$11.1B
| $11.9M | ﹤0.01% |
399,985
+157,404
| +65% | +$5.29M |
|
2310
CALL
Magnolia Oil & Gas
MGY
$6.23B
| $11.8M | ﹤0.01% |
+469,100
| New | +$11.4M |
|
|
HES
2311
DELISTED
Hess
HES
| $11.8M | ﹤0.01% |
74,133
-210,114
| -74% | -$30.9M |
|
2312
CALL
Clean Harbors
CLH
$16.9B
| $11.8M | ﹤0.01% |
60,000
+47,900
| +396% | +$10.5M |
|
2313
CALL
iShares MSCI Germany ETF
EWG
$1.68B
| $11.8M | ﹤0.01% |
318,800
+4,800
| +2% | +$171K |
|
2314
RH
RH
$3.44B
| $11.8M | ﹤0.01% |
50,313
+31,211
| +163% | +$10.8M |
|
2315
Fortinet
FTNT
$118B
| $11.8M | ﹤0.01% |
122,298
-114,695
| -48% | -$11.6M |
|
2316
CALL
Vanguard Morningstar Small-Cap ETF
VB
$83.5B
| $11.8M | ﹤0.01% |
53,000
-13,000
| -20% | -$3.1M |
|
2317
CALL
ProShares Short S&P500
SH
$841M
| $11.8M | ﹤0.01% |
263,700
+155,700
| +144% | +$6.63M |
|
2318
Core Scientific
CORZ
$6.48B
| $11.7M | ﹤0.01% |
1,622,314
+1,277,635
| +371% | +$14.5M |
|
2319
PUT
GFL Environmental
GFL
$15.1B
| $11.7M | ﹤0.01% |
243,000
+187,300
| +336% | +$8.49M |
|
2320
CALL
Boston Beer
SAM
$1.92B
| $11.7M | ﹤0.01% |
49,100
+8,900
| +22% | +$2.17M |
|
2321
HCA Healthcare
HCA
$87.9B
| $11.7M | ﹤0.01% |
33,912
-105,343
| -76% | -$33.9M |
|
2322
PUT
Broadridge
BR
$19.5B
| $11.7M | ﹤0.01% |
48,300
+41,100
| +571% | +$9.67M |
|
2323
CALL
CRISPR Therapeutics
CRSP
$5.14B
| $11.7M | ﹤0.01% |
343,400
+178,100
| +108% | +$7.55M |
|
2324
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$235M
| $11.7M | ﹤0.01% |
255,100
-114,000
| -31% | -$5.62M |
|
2325
AXIS Capital
AXS
$7.38B
| $11.7M | ﹤0.01% |
116,261
+36,120
| +45% | +$3.33M |
|
Similar funds
Susquehanna International Group's Q1 2025 Portfolio in Review
As of Q1 2025, Susquehanna International Group held 13,842 positions worth $586B, down 12% from $663B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Susquehanna International Group withdrew a net $24.4B in Q1 2025, closing 1,483 positions and reducing 4,842 holdings. Its most notable exit was Inari Medical, Inc. Common Stock, an estimated $24M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.6% of assets, down from 2% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, Susquehanna International Group opened a new position in Brookfield Asset Management worth $86M.
- Susquehanna International Group's largest Q1 2025 buy was Brookfield Asset Management: 1,775,684 shares worth $86M.
- Susquehanna International Group added most to State Street SPDR S&P 500 ETF Trust in Q1 2025, an estimated $4.05B increase.
- Susquehanna International Group's biggest Q1 2025 reduction was Invesco QQQ Trust, cutting an estimated $1.25B.
- Susquehanna International Group fully exited Inari Medical, Inc. Common Stock in Q1 2025, selling an estimated $24M.
- Susquehanna International Group's ten largest holdings make up 28% of its $586B portfolio in Q1 2025.
- Susquehanna International Group opened 1,775 new positions and closed 1,483 in Q1 2025.
- Susquehanna International Group's portfolio value fell 12% quarter-over-quarter to $586B.
Based on Susquehanna International Group's 13F filing for Q1 2025, filed 14 May 2025.